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by Stockwatch Business Reporter

New York spot gold gained $14.10 to $1,216.70 on Tuesday. The TSX Venture Exchange gained 1.29 points to 796.83 while the TSX Gold Index rose 2.45 points to 209.34. Most Canadian gold miners were up today, led by Richmont Mines Inc. (RIC), which added 28 cents to $10.38 on 615,000 shares. Centerra Gold Inc. (CG) was one of the laggards. It lost one cent to $6.89 on 1.66 million shares.

Don Dudek's Savary Gold Corp. (SCA), up one-half cent to 9.5 cents on 1.47 million shares, has received assays of up to 6.73 grams of gold per tonne over 7.5 metres from drilling at its Karankasso joint venture in southwestern Burkina Faso. (At the end of 2016, Savary's interest in Karankasso had reached nearly 70 per cent. The remainder is owned by Andrew Dinning's Sarama Resources Ltd. (SWA: $0.18).) The assays are from a 22-hole, 3,000-metre drill program completed in late November and early December. This first phase of drilling yielded lesser amounts of gold across most of the holes, but with a few higher-grade assays to whet the company's appetite.

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